#copperfutures #goldfutures #silverfutures
COPPER_ HGZ22
Weekly – In the May 2022 downtrend. Trade pressures are down. Volumes are bearish.
Daily – Flat. In the move up from the 3.40 breakout of the bearish pitchfork. Trade pressures are up. Volumes are bullish.
Coming off the over-sold position at 3.30. The next target up is 3.56.
A close below 3.36 would signal lower. Over-bot is at 3.54. Move stops to 3.40 as market permits.
GOLD_ GCZ22
Weekly – In the July 2022 downtrend. Trade pressures are down but rising. volumes are bearish.
Daily – Flat. Now over-sold. The big up bar on Friday is testing the downward trend line. Trade pressures are down but rising. Volumes are now bullish.
The next target up is 1667. Over-bot is at 1681, TP there.
A close below 1637 would signal lower.
SILVER_ SIZ22
Weekly – In the May 2022 downtrend. Trade pressures are down into the neutral zone. Volumes are bearish.
Daily – Long In the new move up from the 18.37 long entry on 10/21. Trade pressures are up. Volumes are bullish.
The next target up is 19.57.
Over-bought is 19.03. A close below that level would signal lower. Use as SL.